Gilead Sciences (GILD) is Downgraded by Argus to Hold

Gilead Sciences (GILD) was Downgraded by Argus to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Argus advised their investors in a research report released on Jul 29, 2016.

Many Wall Street Analysts have commented on Gilead Sciences. Shares were Reiterated by RBC Capital Mkts on Jul 26, 2016 to “Outperform” and Lowered the Price Target to $ 105 from a previous price target of $120 .Gilead Sciences was Downgraded by Needham to ” Hold” on Jul 26, 2016. Gabelli & Co Initiated Gilead Sciences on Jun 1, 2016 to “Buy”, Price Target of the shares are set at $109.

On the company’s financial health, Gilead Sciences reported $3.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $3.01. The company had revenue of $7776.00 million for the quarter, compared to analysts expectations of $7795.08 million. The company’s revenue was down -5.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.15 EPS.

Gilead Sciences closed down -0.55 points or -0.67% at $81.24 with 1,29,94,030 shares getting traded on Thursday. Post opening the session at $81.95, the shares hit an intraday low of $80.62 and an intraday high of $81.98 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jul 7, 2016, John F Milligan (President and CEO) sold 112,000 shares at $84.62 per share price. According to the SEC, on Jul 6, 2016, John C Martin (Executive Chairman) sold 100,000 shares at $84.36 per share price. On Jul 6, 2016, Paul Rutherford Carter (EVP Commercial Ops) sold 2,000 shares at $83.12 per share price, according to the Form-4 filing with the securities and exchange commission.

Gilead Sciences Inc. (Gilead) is a research-based biopharmaceutical company that discovers develops and commercializes innovative medicines. The Company’s primary areas of focus include human immunodeficiency virus (HIV) liver diseases such as chronic hepatitis C virus (HCV) infection and chronic hepatitis B virus (HBV) infection oncology and inflammation and serious cardiovascular and respiratory conditions. The Company’s HIV products include Stribild Complera/Eviplera Atripla Truvada Viread Emtriva Tybost and Vitekta. Its Liver Diseases products include Harvoni Sovaldi Viread and Hepsera. Zydelig is the Company’s oncology product. Its Cardiovascular products include Letairis Ranexa and Lexiscan/Rapiscan. Its Respiratory products include Cayston and Tamiflu. Its other products include AmBisome and Macugen.

Gilead Sciences

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